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    • MODEL RESOLUTION (for downloading) TO SUPPORT A STATE BANK OWNED BY AND FOR THE PEOPLE OF WASHINGTON STATE AND A POSSIBLE INITIATIVE TO THE PEOPLE

• MODEL RESOLUTION (for downloading) TO SUPPORT A STATE BANK OWNED BY AND FOR THE PEOPLE OF WASHINGTON STATE AND A POSSIBLE INITIATIVE TO THE PEOPLE

August 16th, 2018|

WHEREAS, the taxpayers of Washington state have demanded greater accountability and wiser use of the taxes they pay to benefit Washingtonians, not Wall Street; and

WHEREAS, a state bank owned by and for the people of Washington State would meet those demands by using taxpayer dollars to invest in infrastructure, student loans, create jobs, increase access to capital for small businesses by supporting local community banks, absorb debt capacity, avert long-term debt payments to Wall Street, and keep taxpayer dollars in Washington state; and

WHEREAS, a publicly owned state bank will generate NEW REVENUE WITHOUT RAISING TAXES, and

WHEREAS, Senate Bill 5464– Creating the Washington Investment Trust (2017-18) would streamline and create efficiencies of the State’s numerous existing revolving loan programs and leverage their capacity to work for the people of Washington State while lowering overhead and exercising efficiencies of scale, paying its own operating costs, leveraging our financing capacity, and returning profits back to the state; and

WHEREAS, in 2012 the people of Washington State passed a Constitutional Amendment  (ESJR 8221), which lowered our debt capacity from 9% of state revenues to its current 8.25%, and again down to 8% by 2034, which leads to the conclusion that Washington State’s current crumbling infrastructure is as good as it will ever be under our current bond financing model because we’re already at our full debt capacity, and

WHEREAS, recent Washington State legislative sessions have exposed a serious lack of resources and bonding capacity to deal with the state’s overwhelming capital needs; and

WHEREAS, a state bank can grow in capacity to be an unparalleled resource for future generations of Washingtonians; and

WHEREAS, a successful model of public banking in the U.S. is the Bank of North Dakota, which was established in 1919 and is controlled by the people for the benefit of the people and economy of North Dakota, this year reported it’s 13th consecutive year of record profits for the people; and

WHEREAS, public banking is a bedrock of social development in most high achieving global economies like Germany, Japan, Brazil, Russia, India, and China, who have not yet privatized their banking systems; now, therefore, be it

RESOLVED, that (name of your organization) endorses the creation of a publicly owned State Bank (SB 5464), which shall be governed by an independent public Commission that is accountable and transparent to the people; and, be it further

RESOLVED, that (name of your organization) should work with others to convene a study group to examine the possibility of sponsoring an initiative of the people for the 2020 general election for the purpose of creating a publicly owned state bank; and, be it finally

RESOLVED, that a copy of this resolution be transmitted to the Washington State Governor, House and Senate leadership, Sen. Bob Hasegawa, and other civic-minded stakeholders for further dissemination to, and education of, the general public.

Sen. Hasegawa’s Sine Die Update (2018)

March 21st, 2018|

Senate passes Hasegawa bill to avoid institutional racism

February 12th, 2018|

FOR IMMEDIATE RELEASE — Feb. 10, 2018

 

Senate passes Hasegawa bill to avoid institutional racism

 

OLYMPIA — Future legislative proposals will be assessed for disproportionate or unintended impacts on racial and ethnic populations, under legislation passed today by the Senate.

“Passing this bill is an important step towards understanding if institutional racism is embedded in proposed bills before we vote on them,“ said Sen. Bob Hasegawa, D-Beacon Hill and the sponsor of SB 5588. “I have been working on addressing racial disparities for quite some time, and passing this bill off the floor is great news for people of color across Washington.”

SB 5588 would require racial and ethnic impact statements to provide statistical analysis of the effects of proposed legislation on racial or ethnic populations. The legislation focuses on laws with felony implications, but Hasegawa hopes to later expand the scope to include higher education, human services, government contracting, and other areas that often see racial disparities.

“Conversations about race and racial disparities are tough to have but are extremely necessary. We talk a great deal about addressing racial disproportionality at the Legislature, and yet we often have no understanding of how new policies may specifically impact communities of color,” Hasegawa said. “It is incumbent that those with power and privilege understand the needs of communities often left out of the legislative process. The fact that this bill was passed almost unanimously by both Democrats and Republicans shows real progress.”

 

The bill passed will only one member voting ‘no,’ it now moved to the House for further consideration.

 

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For information: Bre Weider, Senate Democratic Communications, 360-786-7326

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    Hasegawa’s wrongful death legislation moves off the Senate floor ‘We are now one step closer towards justice for the victims lost in the Ride the Ducks Seattle crash’

Hasegawa’s wrongful death legislation moves off the Senate floor ‘We are now one step closer towards justice for the victims lost in the Ride the Ducks Seattle crash’

February 12th, 2018|

FOR IMMEDIATE RELEASE — Feb. 10, 2018

 

Hasegawa’s wrongful death legislation moves off the Senate floor

‘We are now one step closer towards justice for the victims lost in the Ride the Ducks Seattle crash’

 

OLYMPIA – Sen. Bob Hasegawa’s, D-Beacon-Hill, released the following statement today following passage of legislation to allow residents to receive compensation in wrongful death incidents.

 

“Washington is one of three states in the nation that excludes non-residents from receiving compensation in wrongful death cases. The current ‘wrongful death statute’ was adopted in 1917 to prevent the wives of Chinese coal-miners from obtaining wrongful death compensation.

 

“This old statute is a clear example of legislation rooted in anti-immigrant and refugee sentiment. This law was wrong in 1917 and has no place in our society in 2018. Anti-Asian racism should no longer be engrained into the fabric of our legal system. I am proud that this piece of legislation moved off the Senate floor.

 

“I introduced SB 6015 to overturn this archaic law, a relic from the past rooted in bigotry that still promotes injustice today. I also want to help ensure the parents of victims lost in the Ride the Ducks Seattle crash receive the justice and compensation they deserve. The pain and suffering of the victim’s families should not be exacerbated because of their residency status.

 

“We all deserve to be treated fairly under the law, no matter what our residency status is. Ride the Ducks Seattle should not be allowed to hide behind this statute to avoid public accountability and responsibility, which should be decided by the courts.

 

“Passing this law helps remove racist holes in our state laws.”

 

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For information: Bre Weider, Senate Democratic Communications, 360-786-7326

Hasegawa offers testimony in support of overturning I-200

January 29th, 2018|

Hasegawa offers testimony in support of overturning I-200

The Senate’s State Government, Tribal Relations & Elections Committee heard a bill Friday that would end Washington’s Affirmative Action ban, which has been in place since 1998. Bill sponsor Bob Hasegawa, D-Seattle, said that repealing the ban would help undo the racial stratification created by ‘color-blind’ approaches to diversity.

 

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    Hasegawa to serve on key Senate committees, two as vice-chair

Hasegawa to serve on key Senate committees, two as vice-chair

November 14th, 2017|

OLYMPIA – Following the 2017 election, which shifted control of the state Senate from Republicans to Democrats, Sen. Bob Hasegawa, D-Seattle, has been chosen to serve on several key Senate committees.

He will vice-chair both the Senate Financial Institutions & Insurance Committee and the Senate Labor & Commerce Committee, and will continue to serve also on the Senate Ways & Means and Rules committees.

“The committees I serve on are central to state government and allow me to give the 11th district a voice where it counts,” Hasegawa said. “As vice-chair of the Senate Financial Institutions & Insurance Committee I look forward to continuing my work toward forming a public infrastructure bank, and as vice-chair of Labor & Commerce I expect to be able to help ensure all workers get a fair shake in our state.”

Hasegawa has served on both Ways & Means and Rules for several years. These committees are crucial in the legislative process, as any bill that goes to the floor of the Senate for a final vote must pass through Rules and/or Ways & Means.

State bank feasibility to be studied at state level

July 3rd, 2017|

FOR IMMEDIATE RELEASE: July 3, 2017

OLYMPIA – A proviso that was included in the state operating budget and was proposed by Sen. Bob Hasegawa, D-Seattle, funds an interim task force to look at creating a publicly-owned state bank, and make recommendations for the 2018 Legislature to take action on.

“With the state bank, we would keep our tax dollars in Washington and working for the people of Washington, not Wall Street,” Hasegawa said. “A state bank could provide huge financing capacity to fund critical infrastructure like clean water systems, schools and roads, without having to sell bonds through Wall Street brokers. We simply don’t have enough money to keep going into debt to Wall Street to fund the infrastructure that every Washingtonian relies on.”

The Legislature passed a $43.7 billion operating budget late Friday night, appropriating $75,000 for the state bank task force. Hasegawa has been the Legislature’s champion on the issue of a state bank for years, introducing numerous pieces of legislation, most recently Senate Bill 5464.

The task force will examine the financial needs of local governments necessary for constructing public infrastructure, as well as the feasibility of creating a publicly-owned bank, among other objectives. They will provide draft legislation based on their findings to the Legislature by Dec. 1, 2017 for consideration in the 2018 legislative session.

The task force will consist of members of the Legislature from both chambers and parties, members of the public with relevant experience and representatives from certain financial institutions, state agencies and other branches of government.

“A state bank would generate much needed new revenue for the people of our state without raising taxes,” Hasegawa added. “No matter where you stand on the political spectrum, a state bank would be a win for Washingtonians. It allows us to invest our tax revenues in Washington state, not Wall Street.”

To read the proviso click here and go to Section 123.

 

 

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    VIDEO: Hasegawa votes ‘no’ on irresponsible Senate Republican budget

VIDEO: Hasegawa votes ‘no’ on irresponsible Senate Republican budget

April 17th, 2017|

 OLYMPIA – Sen. Bob Hasegawa speaks regarding his no vote of the Senate Republican operating budget, which makes deep cuts to the social safety net and doubles down on Washington’s upside-down tax structure.

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    VIDEO: Hasegawa offers amendment to study possibility of state bank

VIDEO: Hasegawa offers amendment to study possibility of state bank

April 3rd, 2017|

OLYMPIA – Sen. Bob Hasegawa offers an amendment to study the possibility of a publicly owned bank, or state bank, and the benefits this could bring to the state of Washington. To learn more about Hasegawa’s efforts regarding the state bank please click here or you can watch a short video about it here.

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    VIDEO: Hasegawa votes against sweeping funds for local infrastructure

VIDEO: Hasegawa votes against sweeping funds for local infrastructure

April 3rd, 2017|

OLYMPIA – Hasegawa speaks against a measure to sweep funds from the Public Works Trust Fund, used for grants to local governments for essential infrastructure including clean water and sewers.